A few days ago
What are some issues involving business expansion?
im doing an essay on business and i need some key points, thanks
Top 2 Answers
A few days ago
Favorite Answer
The simple keys of Business Expansion are steady growth and consolidation. Don’t try to grow too or you could spread your self too thin. An example would be opening a second store without the capitol to make sure all possible problems are covered. Then you consolidate, which is making sure that both of your stores are good before you grow again. This is a very simple explanation but i hope it helps.
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6 years ago
1. Personal Risks: Stress, No Family Time, Loss of Control.
2. Business Risks: Instability, Ineffective Management, Financial Loss.
3. Competitive Risks: Unknown Markets, Aggressive Competitors, Unfamiliar Terrain.
2. Business Risks: Instability, Ineffective Management, Financial Loss.
3. Competitive Risks: Unknown Markets, Aggressive Competitors, Unfamiliar Terrain.
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